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' \$ J; J( U% a* LEDMONTON JOURNAL MAY 8, 2013) S/ w2 ^- [0 P. t3 `5 U3 n
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
9 f5 { p1 S, L8 n# nPhotograph by: John Lucas, file , Edmonton Journal6 O ^2 [# W4 z1 Q7 y) ^7 C2 Q
EDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.7 l3 \8 r- s6 L; o+ p9 Q
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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5 m$ t& S) |& V9 F+ D$ H; ?In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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8 f( i' x' y- Y7 o2 y* lAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch. K& L( R7 k+ L
& _5 J" E; m6 d8 YConsumers remain confident despite a moderating pace of economic growth, he said.
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.2 D/ A* C9 l, w! g- d+ B% C
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